[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.03.31 15:22
• [Wanhua Chemical's 16.8 billion yuan green power project is put into operation]
• On March 28, 2026, the first phase of Wanhua Chemical Haiyang Green Power Industrial Park's 100000 ton lithium iron phosphate project was put into operation, and the second phase started simultaneously. The total investment of this project is 16.8 billion yuan, and it adopts the green power direct supply mode. It is a major project in Shandong Province. As the world's largest chemical giant in MDI production capacity, Wanhua Chemical has established battery materials as its second main business, relying on an 800 person R&D team to achieve mass production of its fourth generation products.Editor/Cheng Liting

• 2026.03.31 15:19
• [4.6 billion green intelligent electrolytic aluminum project starts construction]
• On March 26, 2026, Wanji Aluminum (Xinjiang)'s 580000 ton electrolytic aluminum project started construction in the Camel Circle Industrial Park. The total investment of this project is 4.595 billion yuan, and it adopts a 600KA level large capacity electrolytic cell and intelligent control system. The DC power consumption per ton of aluminum is as low as 12430 kWh, and the energy efficiency is globally leading. As a key project for national capacity replacement, the project is planned to be put into operation in July 2027.Editor/Cheng Liting